Yemin concluded, “We began 2013 in a strong financial position. The successful creation of Delek Logistics has given us a new platform for growth. Our improved liquidity position should give us the ability to take advantage of growth opportunities, and should allow us to continue returning cash to shareholders. Strategic initiatives to continue improving our crude slate flexibility are well underway, which will not only improve our profitability in the near-term, but will also maximize flexibility in the long-term. We expect the improved pipeline access will increase our ability to source Midland crude to approximately 87,000 barrels per day from our current level of approximately 45,000 barrels per day. When combined with locally sourced crude, we will have approximately 105,000 barrels per day of cost advantaged crude supplies. With increased access to cost advantaged crude and a strong financial position, we look forward to creating additional value for our shareholders during 2013.”Change in Segment Reporting
Delek US Holdings Reports Record Net Income For Fourth Quarter And Full-Year 2012
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